You probably do not recognise the name Nikolai Ivanovich Bukharin nor should you. But many of you may have had read or heard a version of this story in one of its incarnations. Nikolai Bukharin rose in the ranks of the Russian Communist Party and became one of the most powerful man as there was on earth. He personally took part in the Bolshevik Revolution 1917 that overthrew the Tsarist government which made him a legend of sorts. He was a prolific writer and apologist of communist propaganda, thus earning him the office of editor of the Soviet newspaper Pravda (which by the way means ĎTruthí Ė thatís irony!), and was a full member of the Politburo.
According to urban legend, the following story took place during a journey he took to Kiev in 1930 to address a huge assembly on the subject of atheism. Addressing the crowd he aimed his heavy artillery at Christianity hurling insults, argument, and proof against it. An hour later he was finished. He looked out at what seemed to be the smoldering ashes of men's faith. "Are there any questions?" Bukharin demanded, thinking it to be merely rhetorical and not expecting any answer from the uneducated working class peasants gathered there. Deafening silence filled the auditorium but then one man approached the platform and mounted the lectern standing near the communist leader. He surveyed the crowd first to the left then to the right. Finally he shouted the greeting that had been ingrained in the hearts and minds of Russian Christians for centuries: "CHRIST IS RISEN!" En masse the crowd arose as one man and the response came crashing like the sound of thunder: "HE IS RISEN INDEED!"
Christ is Risen! Just three words in a split second awakening the love and hearts of hundreds, capable of dusting off the soot of decades of iconoclastic and anti-religious cultural indoctrination, and it still happens today. The faith of the supposed Christian simpleton as he faced the formidable attacks of one of most articulate among the Communist intelligentsia was not just the thoughtless act of bravery nor was it a stubbornly silly display of superstitious belief. It was simply an act of faith in the Easter mystery we celebrate tonight. History would vindicate the actions of the daring Christian David and prove his opponent, the unbelieving Goliath, wrong. Today, communism, as a failed ideology and system, is in tatters. Christianity, on the other hand, once persecuted to the point of extinction, now flourishes in Russia and many parts of the former Communist bloc. Christ is Risen! He is Risen Indeed!
KEY TRUTH 2: Winning in the Forex is 9% about your stops placement (in your systems.) 1. Stops, 2. Targets 3. Other reasons to remove trade ie, Friday or News or reverse entry sign 4. OTHERWISE KEEP YOUR HANDS OFF THE TRADE ONCE PLACED!! Itís that simple and that hard!
KEY TRUTH 3: Winning in the Forex is 90% money management and the biggest part of that is "RRR" risk to reward ratio. The lose to win ratio is much less important. New traders worry about lose to win ratio ... how many trades did they win... They worry about entries and systems. Pro traders worry about Risk to reward ratio ... how making money did they make ....They worry about exits.
ie. At 1 to 3 RRR it's hard to lose long term. Here was a 1 to 3.5 so I could lose 3 out of 4 trades and still make money.
KEY TRUTH 4: Winning in the Forex is much easier on higher time frames. New traders, trade on very small very small time frames 1 min - 5 minutes - it's a video game and a high -- they lose a lot of many Pro traders, trade on larger time frames... at least the trend if not the entries - it's a job -- they make money ---- 4 hour and up makes life a lot easier and less stressful
I have been enjoying very much your key truths and trade posts throughout August and wanted to share my appreciation.
I am still working with and tweaking my strength meter which has been highlighting about 3/4 of the trades youíve recently posted. My entries too need polishing, Iím frequently shaken out before the significant move.
Your posts deffinatly help push me in the right direction